Let alone the
easiest of situations to imagine (she
's late on the rent, she loses her job and can't pay, etc) you'll
be forced to make
decisions about how much your desire to love and care for her outweighs your need to pay your
mortgage.
Shoprate.com believes that
mortgage shopping consumers
are intelligent enough to make informed
decisions if enough good, quality information
is presented to them in a simple,
easy to understand and accurate manner.
One last word of caution, it
's easy to decide to payoff your
mortgage because «it feels better» but
be careful anytime you confuse a critical financial
decision with an emotional feeling.
If your borrower realizes that their rent
is higher than their potential new
mortgage — which isn't as rare as many think — then the
decision to buy a house
is easier.
Ryan discusses the death of Osama Bin Laden; Ryan reviews the economic news of the week; Ryan notices the correlation between increased home sales and interest rate drops; Louis notes we can't expect the housing market to
be supported by further decreases in rates as they
are already near historic lows; Ryan explains that interest rates change once every four hours; Ryan notes the difference between getting a quote and
being locked in to an interest rate; Ryan advises the importance of keeping in touch with your
mortgage lender; Louis notes that interest rates change a lot faster than home prices; Ryan notes that the consumer confidence
was up, Ryan and Louis discuss the Fed's
decision to keep interest rates where they
are and to continue the $ 600 billion QE2 program; Ryan and Louis discuss the Fed's view that inflation
is nascent; Louis notes that not only does the Fed not see inflation that exists but disclaims any responsibility for it; Louis asserts that there
is a correlation between oil prices and Fed policy; Louis discusses Ben Bernanke's assertion that the Fed can't control oil prices but that they somehow can control the impact of higher oil prices on the rest of the economy; Louis also remarks on Bernanke's view of the dollar - the claim that a strong dollar can
be achieved through the Fed's current policy as it
is their belief that they
are creating a sound economy and therefore a sound dollar; Louis notes the irony of the Fed chastising Congress» spendthrift ways — if the Fed did not monetize the debt, Congress could» nt spend; Louis noted that as Bernanke spoke the prices of gold and silver rose as it seemed that the Fed has no interest in cutting off the
easy money; the current Fed policy will keep interest rates low; Ryan notes that the Fed knows that they can't let interest rates rise because of the housing mess; Louis notes that the Fed has a Hobson's Choice - either keep rates low or let interest rates rise and cut off the recovery.